MAV is bearish in the larger structure but has recently formed an iCH on the chart which is a bullish sign.
We have a big bullish QM on the chart.
The demand range is a suitable place for buy/long positions.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital...
MAVUSDT technical analysis update
MAV price is breaking out of its triangle pattern on the 4-hour chart; we can expect a 30-50% move from the current level.
Buy zone : Below $0.375
Stop loss : $0.337
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MAV after the pullback will continue to go down
🔵Entry Zone 0.6428 - 0.6190
🔴SL 0.6646
🟢TP1 0.5491
🟢TP2 0.5036
🟢TP3 0.4341
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Considering the bearish CH and liquidity pools at the bottom of the chart, it seems that MAV intends to move towards the specified demand.
Also, the trend line is lost.
supply is a good place for sell/short positions
By maintaining the supply range, it can drop the demand side.
Closing a daily candle above the invalidation level will violate this analysis
Note...
MAV is starting a parabolic phase, as you can see on the chart. The price hit an all-time high on Binance, and the resistance turned into a support. The previous ATH must hold for the continuation of the uptrend (0.5824). Where to take profit? 1.97 is the first strong resistance because it's the highest traded price on Binance. But we should go much higher than...
The MAV symbol has a bullish structure and we see higher H's and L's.
The momentum power is also good and the candles respect the demands.
The green range is a good place for buy/long.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have...
